Businesses and non-profits impacted by the March 26 collapse of the Francis Scott Key Bridge in Baltimore may be eligible for low-interest Economic Injury Disaster Loans from the Small Business Administration.
The working capital loans offer up to $2 million to meet ordinary and necessary financial obligations, such as fixed debts, payroll, accounts payable or other bills affected by disruptions related to the bridge collapse. The loans have a fixed interest rate of 4% for small businesses and 3.25% for private nonprofits, with terms up to 30 years. They are restricted to small businesses without the financial ability to weather the effects of the collapse without hardship.
The application filing deadline is Monday, Dec. 30. To apply online, or for more disaster assistance information, visit sba.gov/disaster, call SBA’s Customer Service Center at 800-659-2955 or email disaster [email protected]. Dial 711 for telecommunications relay services.
Applicants must provide:
- A cell phone number, email address and contact information.
- Social Security numbers and employer identification numbers.
- Financial information, e.g., income, account balances, monthly expenses, etc.
- A complete copy of their most recent federal income tax return.
- Learn more at bit.ly/KeyBridgeEIDL.